Tag Archives: mortgages

How the American Mortgage Machine Works

Every family needs a home, and so many risks are created by a standard 30-year mortgage in America. Finding an investor to take every risk is the work of Rub Goldberg’s paradox, which is the US housing-finance industry. How it all fits together investors will one day be seen wandering …

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Homeowners receive tr 1 trillion from the epidemic-driven housing boom

American homeowners are 1 1 trillion richer because epidemic-driven housing boom pads are in their pockets. As prices rise, home equity multiplies. Over the past year, homeowners with mortgages, representing 63% of almost all properties, have seen their equity increase by 10.8%, according to Corlogic. The combined equity gained is …

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Home prices suddenly see the biggest gain in 2 years

Exceptionally strong demand, historically low supply and record low mortgage rates combined for the fastest home price growth since 2018. Nationally, house prices in July were 5.5% higher than in 2019. This is a significant increase from the 4.3% annual gain seen in June, according to Corlogic. The onset of …

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